The Domain Companies and Enterprise Rent-A-Car made the announcement Wednesday.

Leaders on this project say it’s an economic win for the city as the popularity of car sharing increases and the green benefits of services like this one, take on greater importance.

"We're proud to partner with The Domain Companies on the launch of our first retail Enterprise CarShare program in New Orleans," said Alexis Hocevar, vice president and general manager for Enterprise in Southern Louisiana. "We've been servicing local transportation needs in New Orleans for decades and it's exciting to extend that service to provide a convenient, sustainable car-share solution in the South Market District."

The service will feature automated access for users, 24/7 customer service, roadside assistance, an onboard fuel card and a simple rental and return process.

Initially, four vehicles will be offered: two hybrids, one full-size sedan and one traditional van. The vehicles will be located in The Park, part of the South Market District's first phase of development currently scheduled to be done in October.

The Park will also feature a bike-sharing program for South Market residents, and is the first public parking garage in the city to offer electric car charging stations.

So what is car sharing and how does it work?

You can sign up for an account and become a member. You then select the car you want, you decide how many hours you need it and then return it from where you got it from.

There is a prepaid fuel card is in the car and insurance is included. You have to be 21 years old to use the service.

"More than ever, the people who are driving the growth of Downtown tell us that they prefer to walk, use public transit, or use other shared transportation options," said DDD president and CEO Kurt Weigle.

Leaders say positioning the service in the South Market District, which will include over 700 new luxury apartments and 200,000 square feet of retail space once completed, will place these sustainable benefits in the heart of Downtown.

Also coming to South Market District, is a CVS pharmacy and a furniture store, Arhaus.